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Coinbase Invests in CoinDCX, Setting $2.45 Billion Valuation

The transaction underscores a partner-first expansion into IndiaMiddle East markets pending regulatory approvals.

Overview

  • Neither company disclosed the investment amount or stake, and the deal is subject to regulatory approvals and customary closing conditions.
  • The move extends Coinbase’s backing of CoinDCX through Coinbase Ventures, which first invested in 2020 and joined the exchange’s 2022 raise.
  • CoinDCX reported more than 20.4 million users, about $165 billion in annualized transaction volume, roughly $141 million in annualized revenue, and over $1.2 billion in assets under custody as of July 2025.
  • The investment follows a July 2025 security breach of about $44 million that CoinDCX covered from treasury reserves, with customer funds reported unaffected.
  • CoinDCX says the funds will enhance products, introduce on-chain use cases for India, and support expansion into new markets, leveraging its MENA foothold through BitOasis.